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Wonga to create down 330,000 loans after FCA intervention. This year, the FCA requested information about the volume of Wonga’s relending rates after taking over regulation of consumer credit in April.

Wonga will compose down 330,000 clients’ loan balances following the FCA found proof the payday loan provider was neglecting to acceptably evaluate customers’ capacity to satisfy repayments. This year, the FCA requested information about the volume of Wonga’s relending rates … Continue reading Lire la suite